Recognition of exceptional careers in Financial Services
WEST PALM BEACH, Fla.–(BUSINESS WIRE)–UBS Financial Services Inc. announced that John Castronuovo and Robert DeForest, Private Wealth Advisors in the firm’s West Palm Beach office, have been named to the 2020 Forbes/SHOOK Best-In-State Wealth Advisors list.
The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews and quantitative data. Advisors considered for this recognition have a minimum of seven years of experience. The algorithm used weighs factors such as revenue trends, assets under management, compliance records, industry experience, and criteria that encompass best practices in their practice and approach to working with clients. Neither UBS Financial Services Inc. nor its employees pay a fee in exchange for these ratings.
“We are extremely proud of what Rob, John and the team have accomplished, and this recognition is reflective of the profound impact they have made on their clients’ lives every day,” said John Mathews, Americas Head of Ultra High Net Worth, UBS Global Wealth Management.
For the full list and further information visit: https://www.forbes.com/best-in-state-wealth-advisors
Castronuovo, a Certified Financial Planner and Chartered Advisor in Philanthropy, began his career in finance in 1987 after graduating with a B.B.A. from the University of Miami. He has worked with reputable wealth advisors, including Wachovia Wealth Management from 1998-2007 serving as vice president and relationship manager. Castronuovo has an in-depth knowledge of comprehensive wealth management strategies for select entrepreneurs, business owners, executives, as well as charitable organizations. He is a member of the Financial Planning Association, East Coast Estate Planning Council and Advisors for Philanthropic Impact. Castronuovo ensures that a client’s plan and financial needs are met by addressing areas that include asset allocation, estate planning, stock option strategies, wealth transfer issues and pre-business sales planning. He was featured in Forbes among the top wealth advisors in Florida in 2019. Castronuovo currently serves as a board member of Adopt-A-Family of the Palm Beaches, Inc., where he is a past board chair.
DeForest began his career in finance in 1997, with previous tenures in the Private Wealth Management Group at Wachovia before moving to Merrill Lynch, where he held multiple roles including Private Wealth Advisor and Senior Vice President-Wealth Management. DeForest earned the Certified Investment Management Analyst (CIMA) designation from the Wharton School of Business in 2006. He is the lead portfolio manager, and focuses on portfolio construction for individuals and institutions, investment manager selection and analysis, as well as discretionary portfolio management and custom investment vehicles. He was also featured in Forbes among the top wealth advisors in Florida in 2019. DeForest is also committed to the Palm Beach community, previously serving on the allocation committee of the Palm Beach United Way. He is also active in the UBS Veteran Mentoring Program.
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS’ strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.
UBS is present in all major financial centers worldwide. It has offices in 52 countries, with about 34% of its employees working in the Americas, 34% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 14% in Asia Pacific. UBS Group AG employs approximately 61,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
Notes to Editors
About UBS Global Wealth Management
As the world’s largest wealth manager, UBS Global Wealth Management provides comprehensive advice, solutions and services to wealthy families and individuals around the world. Clients who work with UBS benefit from a fully integrated set of wealth management capabilities and expertise, including wealth planning, investment management, capital markets, banking, lending and institutional and corporate financial advice.
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